What, you never heard of an hourly rate?
It’s not surprising that when attorneys get together to write laws, they make sure their paychecks are covered.
How else would you explain the language in HB 2791 dealing with fair attorney fees when suing investors doing foreclosure rescues?
The lodestar method
Here, apparently, is what your office has decided is fair . . .
“Reasonable attorney’s fees”, where authorized in this chapter, means an amount to be determined including the following factors: The time and labor required, the novelty and difficulty of the questions involved, the skill requisite to perform the legal services properly, the fee customarily charged in the locality for similar legal services, the amount involved and the results obtained, and the experience, reputation and ability of the lawyer or lawyers performing the services.
Okay, fair enough
While we’re at it, lets talk about what investors deserve, in terms of profit, for providing services to people in foreclosure. I suggest we just use your model . . .
“Reasonable profits,” where earned in stopping foreclosures, means an amount to be determined including the following factors: The time and labor required, the novelty and difficulty of the questions involved, the skill requisite to perform the rescue services properly, the fee customarily charged in the locality for similar foreclosure rescue services, the amount involved and the results obtained, and the experience, reputation and ability of the investor or investors performing the services.
I’m guessing your staff considers the notion these services should be similarly valued as abhorrent, and therein is the problem.
We provide a good and valuable service that because of your twisted views, you obviously cannot see.
Still, that doesn’t change realty. We’re investors. We’re the ones who write the checks that stop foreclosure and we deserve to be rewarded for the value we bring to the table.
Today, as you well know, Terry M. is in his home, as are Jack J. and Joe F. and Randy D. and George N. and John M. and Art V. and Barbara W. and David M. and Steve G. and all the rest I rescued from foreclosure.
They’re in their homes because someone you’re suing had the skill requisite to flat-out get it done.
Novelty and difficulty of the questions?
Experience, reputation and ability?
Check. Check. Check.
Or, do you seriously believe attorneys are somehow more deserving than real estate investors?
No need to answer . . .
In the arena,